| Donating car to a charity organization is always a | | | | from a sale of your donated car. In other words, that is |
| good thing to do. With that, you are helping for those in | | | | the actual selling price, and not the suggested retail |
| need, and you are motivated more with donation of | | | | price of your donated car. That is in the case that |
| your car to a charity because you will get substantial | | | | charity organization wants to sell a car. But in the case |
| tax return from IRS. But don't get to exited about that, | | | | that charity plans not to sell your car, but to use it in |
| because tax break that you going to get may not be | | | | other charity work, like for transportation of people in |
| that big. In the past, many people abused this way of | | | | need, then you can claim the full market value. |
| tax deduction, so IRS changed the rules. | | | | The charity is obligated by the law to provide you with |
| If your car donation is worth less then $500.00, in order | | | | written acknowledgment of the contribution within the |
| to get tax return, you will just need a document from | | | | 30 days, and you must attach this statement for your |
| charitable organization about your car donation and | | | | tax return. You cannot get tax deduction without this |
| value of the car. | | | | statement from charity organization. |
| But, if your car is valued more than $500.00, than new | | | | But still, even with these new rules, car donation for |
| rules will be applied. You can find these new rules in | | | | tax deduction is very popular way for getting rid of |
| IRS's "Revenue Provisions" in Section 884 of Title VIII. | | | | your old car, helping to somebody in need, and having |
| This new rules says that if your car is worth more | | | | some financial benefits for yourself. |
| than $500.00 your tax deduction is limited to a price | | | | |